Thursday, January 10, 2019

Submarine Power Cable Market to Capture Unparalleled Growth with A 15.32% CAGR Growth By 2023

According to the new market research report “Submarine Power Cable Market by Type (Single, Multicore), Voltage (Medium, High), Conductor Material (Copper, Aluminum), End-User (Offshore Wind Power Generation, Inter-Country & Island Connection, & Offshore Oil & Gas), and Region - Global Forecast to 2023”, published by MarketsandMarkets™, the overall submarine power cable market is estimated to be valued at USD 8.12 billion in 2018 and is projected to reach USD 16.56 billion by 2023, at a CAGR of 15.32% during the forecast period. In 2018, Europe is estimated to be the largest market for submarine power cables, followed by Asia Pacific and North America. The growth of the submarine power cable market is driven by new offshore wind capacity additions in Europe and Asia Pacific, increasing demand for inter-country and island connections, and rising demand from the offshore oil & gas sector. The increasing need for HVDC connections presents a significant opportunity for the submarine power cable market.
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64 - Tables
42 - Figures
140 – Pages
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The submarine power cable market comprises both global and regional players. Key players operating in the market include Prysmian (Italy), Nexans (France), NKT (Denmark), General Cable (US), and Furukawa Electric (Japan). Contracts & agreements, investments & expansions, and collaborations & partnerships are the major strategies adopted by the players in the submarine power cable market. Contracts & agreements was the most commonly adopted strategy from 2015 to 2018 (April). Industry players also adopted the strategy of investments & expansions, which was the second-most widely followed strategy from 2015 to 2018 (April).
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Prysmian is one of the largest providers of cable and system solutions to energy and telecom sectors. The company has 4 business segments: energy products, energy projects, telecom, and oil & gas. The company manufactures submarine power cables under the energy projects segment. Through these business segments, Prysmian provides products and solutions for power transmission and distribution, of specialty cables for applications in many different industries and of medium- and low-voltage cables for construction and infrastructure sectors. In October 2017, Prysmian entered into a contract with Suomen Hyötytuuli (Finland) to supply approx. 14 km of 30-kV submarine cable for 10 additional turbines for the Tahkoluoto offshore wind farm located in the Baltic Sea.
Nexans is one of the leading technology companies offering products, solutions, and services in the fields of industrial automation, utilities, transmission and distribution, and oil & gas, among others, across the globe. The company operates through 4 segments: transmission and distribution & operators, industry, distributors & installers, and other activities. Nexans provides submarine power cables under its transmission and distribution & operators segment. Through its transmission and distribution & operators segment, the company also provides high-, medium-, and low-voltage underground and overhead cables to cater to various end-use industries, such as oil & gas, energy resources, building, and communication. The company adopted investment & expansion as one of its key growth strategies to strengthen its presence in the market. In November 2017, Nexans opened a high-voltage test laboratory to enhance its cable testing capacity up to 1.5 million volts at its Calais Center of Excellence in France.
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Wednesday, January 9, 2019

Shunt Reactor Market to Capture Unparalleled Growth with A 4.56% CAGR Growth By 2022



According to the new market research report “Shunt Reactor Market by Type (Oil-Immersed and Air-Core), Application (Variable Reactors and Fixed Reactors), End-User (Electrical Utilities and Industrial Verticals), and Region (North America, Europe, Asia Pacific, and South America) - Global Forecast to 2022”, published by MarketsandMarkets™, The shunt reactor market is expected to grow at a CAGR of 4.56% from 2017 to 2022, to reach a market size of USD 3.19 billion by 2022. The major drivers of the shunt reactor market include increasing demand for electricity, upgradation of the aging technology, and modernization of the T&D network.

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70 - Tables
32 - Figures
119 – Pages

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Key companies to provide shunt reactors are GE (US), Siemens (Germany), ABB (Switzerland), Fuji Electric (Japan), Mitsubishi Electric (Japan), CG (India), Nissin Electric (Japan), Zaporozhtransformator (Ukraine), TBEA (China), Toshiba (Japan), and Hilkar (Turkey).

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The key players in the shunt reactor market have been indulged in various contracts & agreements to install, construct, develop, or upgrade the shunt reactors. The companies supply shunt reactors to the electric utilities and various industrial verticals. The demand for shunt reactors increase with rise in demand for electricity, which in turn increases the investment in T&D networks, which leads to increase in the shunt reactor market. Thus, contracts & agreements is the major strategy adopted by the companies.

The industrial verticals segment is expected to be the fastest growing segment during the forecast period. The reactive power component enters into the system and reduces the power factor, which is used to measure the efficiency and quality of the power used. Thus, in the industrial vertical segment, the shunt reactors are used to improve the power factor. Growing industrialization in developing countries increases the investment in the T&D infrastructure. The upgradation of the aging technology in various industries leads to rise in investments in the T&D infrastructure which is expected to increase the shunt reactor market during the forecast period. The large investments in the T&D network would create an opportunity for the manufacturers to supply shunt reactors to various private companies.


The oil-immersed shunt reactor segment is expected to be the fastest growing segment during the forecast period. Oil-immersed shunt reactors are usually utilized for systems with a voltage profile of 72.5 kV and above and are connected directly to the high-voltage busbar/transmission network. Investments in the T&D infrastructure and upgradation of the aging technology are taking place in the developing regions, where the oil-immersed shunt reactors have a high growth. Asia Pacific and North America are estimated to have a decent market growth for oil-immersed shunt reactors.

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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Monday, January 7, 2019

Portable Filtration Systems Market to Capture Unparalleled Growth with A 3.93% CAGR Growth By 2023


According to the new market research report “Portable Filtration Systems Market by End-User (Power Generation, Manufacturing, Oil & Gas), Flow Rate (0–10, >10–20, >20–60, >60–100, and Above 100 GPM), Technology (Pressure, Centrifugal, and Vacuum Filtration), and Region - Global Forecast to 2022”, published by MarketsandMarkets™, the global portable filtration systems market is projected to grow at a CAGR of 3.93%, from 2017 to 2022. The market in Asia Pacific is estimated to be the largest for portable filtration systems, followed by the market in North America in 2017. This trend is expected to continue till 2022. The growth of the portable filtration systems market is driven by the growth in power generation and manufacturing industries together with stringent environmental regulations around the world. 

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67 - Tables
33 - Figures
146 – Pages 

Don’t miss out on business opportunities in Portable Filtration Systems Market. Download our PDF Brochure and gain crucial industry insights that will help your business grow:
 
The portable filtration systems market is dominated by a few global players. The key players operating in this market include Parker-Hannifin (US), Pall (US), Bosch Rexroth (Germany), Eaton (Ireland), and Donaldson Company (US). 

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Major strategies adopted by the players include new product launches, mergers & acquisitions, and investments and expansions. New product launches was the most commonly adopted strategy from 2014 to September 2017. Industry players also adopted mergers & acquisitions and investments and expansions, which were the first and second most widely followed strategies, respectively, after new product launches during the same period.

Parker-Hannifin was founded in 1918 and is headquartered at the US. The company is among the leading manufacturers of industrial filtration equipment. The key industries targeted by the company for filtration services are aerospace, food & beverage, industrial machinery, life sciences, marine, oil & gas, power generation, renewable energy, transportation, and water purification. Parker Hannifin operates in more than 50 countries through a wide network of distributors and dealers. The company lines the root of its business through two major business segments, namely, diversified industrial and aerospace systems. Through its diversified industrial segment, the company provides portable filter systems, filtration media, filter carts, and oil conditioning units. In February 2017, Parker-Hannifin acquired CLARCOR, a leading manufacturer of filtration products, for approximately USD 4.3 billion in cash. The acquisition of CLARCOR was a part of Parker-Hannifin’s strategy to provide the company access to new markets, regional expansion, and aftermarket exposure along with technology and product expansion. In addition, the company also adopted organic growth strategy and launched new portable purifiers for the power generation industry in July 2016. 

 
Eaton was founded in 1911 and is headquartered in Ireland. Eaton is a diversified power management company that offers solutions to manage electrical, hydraulic, and mechanical power. The company caters vast clientele from different industrial verticals such as oil & gas, power generation, marine, pharmaceutical, and fine chemicals. The company generates revenue through five major business segments, namely, electrical products, vehicle, aerospace, hydraulics and, electrical systems and services. The company offers filtration products and related services under the hydraulic business segment. The filtration section that comes under the hydraulic segment, offer wide spectrum of products such as gas liquid separation, portable filtration, hydraulic and lubrication oil filters, filtration media, and filter aids. Eaton operates globally in approximately 60 countries and caters its massive clientele present in more than 175 countries located in major regions such as Asia Pacific, Americas, Europe, and the Middle East. The company has been following the organic strategy by introducing new products in its portfolio. In June 2016, the company launched its line of spin on filters that features high dirt holding capacity and ensures protection of various mechanical equipment such as pumps, valves, compressors, and hydraulic systems from contamination. This new spin on filter product line serves trouble free operations in the oil & gas, power generation, construction forestry, and mining and material handing sectors. Further in April 2016, Eaton also launched high flow rate application-based filter range called duplex lubrication filters (DWF) series.

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. 

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Progressing Cavity Pump Market Size to Surpass $3.6 billion by 2029, exhibiting a CAGR of 5.0%

According to a research report " Progressing Cavity Pump Market by Power Rating (Up To 50 Hp, 51–150 Hp, Above 150 Hp), Pumping Capaci...